The Reserves of the Chartered Banks Are A(n)

question 127

Multiple Choice

The reserves of the chartered banks are a(n) :

• A)asset to the chartered banks and an asset to the Bank of Canada.
• B)asset to the chartered banks and a security to the Bank of Canada.
• C)asset to the chartered banks and a liability to the Bank of Canada.
• D)liability to the chartered banks and an asset to the Bank of Canada.

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